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Alimentation Couche-Tard Investor Presentation

STRONG ORGANIC GROWTH DRIVING RETURNS We have repeatedly proven our ability to increase our ROCE following the integration of large acquisitions Return on Capital Employed' avg. 15.4% IAS 17 IFRS 16 Alimentation Couche-Tard | Investor Presentation 1 Please refer to the "Non-IFRS Measures" section of this presentation for additional information on performance measures not defined by IFRS. 2014 2015 2016 Looking to maintain ROCE above our objective of 15%, driven primarily by organic growth initiatives. 58 3 CIRCLE K ingo

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